Ask anybody about how much Washington owes and they’re likely to say the national debt is somewhere around $12.8 trillion. As shocking as that massive number is, however, it is just a fantasy — a tiny fraction of the gargantuan amount our government really owes. In actual fact, our real national debt is nearly TEN TIMES GREATER! In addition to that official $12.8 trillion national debt, Washington has written $108 trillion in off-budget, unfunded IOUs on Social Security, Medicare, Medicaid, its prescription drug program, its veterans benefits programs and its Federal pension programs that must also be paid. That adds up to more than $120 trillion and that’s not even counting the $1 trillion the new health care bill will cost us or the trillions in NEW deficits projected over the next 10 years! The truth of the matter is that, altogether, our leaders have obligated us … our children … and our children’s children … to pay off an utterly unpayable $127.8 trillion in debt.
Posted on: Sat, 20 Jul 2013 15:54:47 +0000
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